The Securities and Exchange Commission (SEC) has settled on a new minimum capital requirement for the various capital market players. The decision was reached after an extensive engagement with all the stakeholders in the insurance industry. According to the Commission, the move is to help improve the financial status of all the various category of …
Mobile telecommunications giant, MTN Ghana on Friday, trained some judges in the country on the schemes carried out by fraudsters to manipulate mobile money transactions and defraud innocent Ghanaians. The workshop was organized by MTN Ghana in collaboration with e-Crime bureau to enlighten the judiciary with enough information and also show them the various means …
The Embassy of France in Accra has extended an invitation to Ghanaian companies to take part in a Business Forum, dubbed “Ambition Africa 2018,” slated for October 22 and 23 in Paris. A statement issued by the French Embassy in Accra and copied to the Ghana News Agency on Tuesday said the “Ambition Africa 2018” …
The World Bank has approved a $30 million International Development Association (IDA) credit to support government to strengthen its financial sector stability. The credit is also to help improve inclusiveness for users of formal financial services and the financially excluded, particularly women, rural communities and farmers. “This project will support government’s plan to undertake reforms to deepen financial …
After entering into a year-long partnership in July, not-for-profit organization Invest in Africa and GCB Bank have held a forum on financing options for Small and Medium-scale Enterprises (SMEs). Access to finance is a major challenge faced by small and medium-scale enterprises in Ghana, primarily because lenders are skeptical about the …
Rebased economic figures released by the Ghana Statistics Service (GSS) indicate that the country’s economy expanded by 24.6 per cent in 2017. This means that Ghana’s economy increased to GH¢256 billion from GH¢205.9 billion recorded earlier. The rebasing involves replacing the old base year (i.e. 2006) used for computing the …
The Ministry of Food and Agriculture has initiated a discussion with the management of Alibaba Group Holding Ltd for the possibility of promoting the sale of Ghanaian cocoa products on the Chinese market using the e-platform of Alibaba Group. Cocoa products When firmed up, the company will open its doors to the various range of …
The Ghana Association of Savings and Loans Companies (GHASALC) has urged the public to disregard media publications and rumours suggesting that the savings and loans sector is collapsing. This follows recent reports of panic withdrawals from some major savings and loans companies over the last three months with the recent being the alleged collapse of …
Vodafone wants to entrench its reputation as the digital telco of the future by empowering SMEs this September. The telecommunications company has dedicated this month to helping SMEs to be digitally trans formative in the way they operate across all levels. SMEs play a very crucial role in Ghana’s economy, demonstrating the capacity to contribute …
Microfinance companies in Ghana have been advised to consider merging or risk being collapsed. The Bank of Ghana has raised the minimum capital requirement for financial institutions operating in the country. With regards to microfinance institutions, each of the over 300 institutions are supposed to raise GHc2 million before the end of 2018 or risk …